Investor Ross Gerber Bemoans Lack Of LLM On Tesla Cars After Volkswagen Announces ChatGPT-Integrated Voice Assistant
Portfolio Pulse from Anan Ashraf
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and Tesla investor, expressed disappointment over Tesla's lack of a large language model (LLM) in its vehicles, following announcements by competitors like Volkswagen about integrating ChatGPT in their cars. Elon Musk has previously hinted at exploring a partnership with his AI startup xAI to bring its AI chatbot Grok to Tesla cars, emphasizing Tesla's AI capabilities over traditional automaking.
January 10, 2024 | 3:02 am
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NEUTRAL IMPACT
Ross Gerber's comments on the lack of LLM in Tesla vehicles, coupled with competitors' advancements in this area, could create concern among investors about Tesla's ability to maintain its technological edge. However, Elon Musk's hints at future AI developments with xAI may reassure investors of Tesla's commitment to innovation.
While the news highlights a potential shortcoming in Tesla's current offerings, the impact on the stock price is likely to be neutral in the short term. Investors may be concerned about Tesla's pace of innovation, but Elon Musk's reputation for delivering on technological advancements could mitigate any negative sentiment. The market's reaction will depend on how quickly Tesla can respond to these competitive developments and how much value investors place on LLM technology in vehicles.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80